23a King Street, Ngaruawahia, Waikato

Nestled in the tranquility of a quiet cul-de-sac at 23a King Street, Ngaruawahia, this charming 2-bedroom, 1-bathroom residence with 2 car parks presents an opportunity on a freehold section of approximately 581m2. Constructed in the 1950s with fibrous cement walls and an iron roof, both in average condition, this property has undergone recent renovations, exuding a sleek and modern ambiance. The 60m2 floor area enjoys an open-plan living, dining, and kitchen space, complemented by a heat pump for year-round comfort. The current government valuation of $445,000 reflects a stable investment, with the HouGarden AVM estimating a slightly lower value. Despite a 0.0% CV increase, the property's appeal is underpinned by its potential, as evidenced by a recent sale history and a rental appraisal of $550-$570 per week. The double car garage, complete with new wiring, is perfect for enthusiasts looking for extra space.

From a financial perspective, the property's capital value has remained consistent, with the latest valuation in October 2023 unchanged from the previous year. The HouGarden AVM of $432,500 suggests a competitive market price, making it an attractive option for investors or first-home buyers. The stability of the property's value is a testament to the area's desirability, which is further enhanced by its convenient location, just 15 minutes from Hamilton and with easy access to Auckland and the South via the expressway.

For families with educational considerations, this property falls within a school zone with highly regarded institutions. The decile rating of these schools is a reflection of the area's commitment to quality education. This, coupled with the property's comfortable living spaces and private setting, makes it an ideal choice for those seeking a balanced lifestyle with easy access to educational amenities.

Updated on July 30, 2024